Retiring before the age of 60: the tax deal
If you retire before the age of 60, your super benefits are likely to be subject to tax — but not always. With the right structure, and usually with expert advice, many Australians retiring early can end up paying no tax.
Retirement: Taking benefits before the age of 60
When you retire early, you’re going to have to make a few decisions. The tax implications of your retiring before the age of 60 can depend on whether you take your super as a lump sum and/or income stream.
Are you eligible for a Commonwealth Seniors Health Card?
The question is a popular one among prospective retirees, and the answer can be best explained by dividing the question into four parts.
Understanding the tax DNA of a super benefit
A superannuation benefit can be made up of two components — tax-free and taxable, which is more straightforward than the rules that applied before July 2007. Before July 2007, taking a super benefit involved up to eight different benefit components.
Concessional contributions: SG and public servants
Q: I’m a member of the Military Superannuation & Benefits Scheme (MSBS). Is there some reduction in the concessional cap because MSBS is a defined benefit scheme?
